Latest
5:00AM | Thursday, 19 May 2011 |
Consumer sentiment fell by 1.3% in May to 103.9 points, according to the Westpac-Melbourne Institute of Consumer Sentiment, making it the lowest level of the index since June 2010.
5:16PM | Tuesday, 17 May 2011 |
The Reserve Bank has signaled its intentions to raise interest rates if current economic conditions “continue to evolve as expected”, but economists say such a move will hurt consumers.
5:04PM | Thursday, 12 May 2011 |
New figures reveal the unemployment rate remained at 4.9% in April but the economy lost more than 22,000 jobs, blurring predictions of the next interest rate rise.
5:00AM | Wednesday, 4 May 2011 |
The official interest rate has remained at 4.75% for the fifth consecutive month, but economists say the Reserve Bank may soon send rates higher in a bid to curb inflation.
4:15AM | Friday, 29 April 2011 |
Software giant Microsoft enjoyed a 31% leap in profits during the March quarter, with net income rising to $5.23 billion.
4:20PM | Thursday, 21 April 2011 |
SMEs are experiencing a finance crisis due to the scarcity of lenders and a return to strict lending criteria, according to the Mortgage & Finance Association of Australia.
4:00AM | Wednesday, 6 April 2011 |
Economists have predicted an interest rate hike for later this year following the Reserve Bank’s decision to freeze the cash rate at 4.75% for the fifth consecutive month.
4:00AM | Tuesday, 5 April 2011 |
Analysts predict interest rates will be frozen by the Reserve Bank today, following new figures showing the number of jobs advertised in March rose for the eleventh consecutive month.
4:57AM | Friday, 1 April 2011 |
New data reveals business lending by local banks grew 0.6% in February, representing the strongest rise in business borrowing since the global financial crisis.
3:32PM | Tuesday, 15 March 2011 |
Consumers have continued their caution in spending and borrowing, despite strong growth in national income, according to the Reserve Bank of Australia.
